. welcome back. and a special welcome to viewers in the u.s. joining us this morning. let's take a look at the market open. we had the u.s. returning to business after the two day close after sandy, but the reaction was fairly muted. european investors as they watch the action on on wall street, but also this occurred on average volumes taking place on wall street. let's take a look at some of the appetite. a wish washy open. this is the start of a brand new trading month. and if you look over the course of the last five months, it's been a fairly decent performance for european markets. up almost 13% despite all the

macroeconomic headwinds that we face. let's show you what's happening on on the open. lots happening in the oil and gas sector. we had numbers also out from the resources sector. but the overall tone in oil and gas is negative. there is some gray on the charts to report. retail autos tracking higher, household goods. and lloyds here in the uk has been reporting, as well. and there's been a very strong response to its numbers popping up more than 5% on the open. positive responses this morning.

>> let's update you on the latest on super storm sandy. millions still without power. evacuation orders remain in place for over 375,000 new yorkers. the metropolitan transportation authority says it will restart limited rail and subway services between manhattan and brooklyn today, but one of the places hardest hit was east jersey. >> first water and now fire, blazing homes, lighting up the pre-dawn sky. gas leaks are suspected. a direct result of storm damage putting many evacuated homes at further risk. two days after sandy's landfall, new jersey is still reeling. especially along its shore line. today the president witnessed the extent of it all firsthand in a flyover with new jersey's governor, he saw miles the shattered coastline, quaint communities now in ruin. >> we are here for you. and we will not forget.

we will follow up to make sure that you get all the help that you need until you rebuild. >> the president wasn't the only one assessing the damage today. all along the pummeled coast, locals have ventured out in a bright morning sunrise to try to comprehend it all. >> i've lived here pretty much my whole life and i've never seen anything like this. >> reporter: everywhere damaged homes and businesses, some barely standing, others not at all. seaside heights is uninhabitable. >> on that north end of my town, all the foundations are gone. >> reporter: it seems nothing along the coast is where it should be, like boats on land. >> boats sitting in the middle of the median. >> reporter: being plowed from streets like the aftermath of a december blizzard. it looks like an earth quick ripped up the paved walkway that sat above the beach.

but it's not just the famous shore line suffering. just inland in centerville also hit hard. emotions are raw. >> i got nothing. everything is ruined. >> reporter: at least 2 million electric customers in new jersey are still in the dark and maybe for a while. and where there is power, gas lines run long without power and too much damage to their house. lisa and rich carried what they could as they left their point pleasant beach neighborhood maybe for a long time. how long are you expecting to have to be out of your house? the new jersey coast has been beaten up by storms before. but never quite like from the punch sandy delivered. >> we've been joined by nick nelson. very nice to see you. i actually want to start by asking phillip a question.

you said off camera you wouldn't tie equities with a barge boat. why not? >> that's why i differentiate between being right and wrong and making and losing money. i've never believed strongly in the growth story out there. it's not because i don't want to. if i can't see cause, i can't believe in it. prove to me and i'll buy it. and i don't think you or anyone else at this point in time can show me a reason why we'll get strong economic growth in the eurozone or uk or even in the u.s. >> your bread and butter is selling ideas surrounding equity. why is he completely wrong? >> the issues faced is clearly volatility. that's one of the problems. a but we would argue that you are

having a situation where the u.s., there are pockets of strength. so what brought us first into this, all those thingses that we remember, the u.s. housing market is recovering. house prices are up 10%. three month annualized. you can get a mortgage 3.5%. lock it in for 30 years. >> but you say there are no optimism. >> i'll take issue statly because there is a statistical recovery going on, but if you dig deep in the housing story and you take it over a multiyear trend, we're actually still in negative territory in terms of what the housing market in the u.s. is doing. and it's still people with money buying properties for rentals. they're not actually -- you'd

like to see those without money getting money buying houses. that's the kind of recovery in all honesty before you sell your wares out there to people who need to buy your story. that's what you want to see to see a genuine housing recovery. what you're actually seeing is a top down acquisition of prope y property. they can't afford to buy because they ain't earning any money. >> i agree there has been a lot of investment property. affordability in the u.s. is actually very attractive. banks haven't delevered. you look at the u.s. banks, you basically have credit growth 14 months in a row.

>> what i'm mostly focusing on is the affordability issue. what you're seeing is the housing prices going up by more than income. unaffordability going forward for people buying their homes. do you need people buying homes for housing recovery? what you really want is acquisition to to drive price up, buying more demand than supply. and you haven't got that still yet in the u.s. >> demand is driving it up. still putting people in those properties. whether buying themselves or representing them, it is still

genuine demand. >> genuine demand at the moment, but not sustainable demand. you have a situation quite rightly said because of the margin gap in terms of yield. there's a chance the property goes up, that's what people want to believe, and there will be a recovery because property is cheap in the united states. cheap against what, i'm not sure. but xheep is t but cheap is the view. cheap against where it's been. let's be honest. so people think it's a buying opportunity. if you haven't got rising incomes, you have a situation where people ultimately can't afford to keep pushing up the demand. >> i appreciate your argument.

what is a rental unit at the moment in the united states? 7%. you couldn't borrow money on a seven year basis for that. that is big. that is a real tangible measure. >> you have tax, you have depreciation, you have all sorts of problems but i get your point. they're thinking they're getting a free ride on a cheap property market. but what i would like to see just to argue that there will be a sustained housing recovery is see it by income and purchasing.

we look at the markets, lloyds a pop of 4% in the stock today. that included cpi, mid selling off of payment protection insurance. along with other banks. let's get out to a sales trader. will, give us a view on lloyds. the market seems to be

responding positively. >> you have the underlying story and then what they refer to as legacy issues. we were given a heads up a few weeks ago when it was barclays upset ppi and that gave investors a little bit ahead of lloyds and other bank earnings. and as a result, i think that's why we're seeing this move up. >> also interesting down 1.35 billion pounds. the market was expecting around 1.5 billion pounds. this has to be a positive in the credit cycle here in the uk. >> indeed. and this is the main point of the positive lloyds numbers. it's an improvement in the market and we are seeing the banks moving forward.

we improve domestic conditions and lendings to the uk economy. so perceived to be a good thing. >> will, thanks very much. >> you can see lloyds at the top of the basket for the ftse today. a couple pay tv operators reporting numbers today. the share price popping 3%. revenues up 4%. earnings up 16%. this is on on the back of price increases. also trying to push out more products signing up more people to its offerings. but it has a bit of a pop. bp also reporting as well today and its response has been positive out there, up 3.#%. in terms of its numbers, not positive on the earnings front.

some pressure from european countries. but they did slash costs further, so it's maintained their numbers. seen as a bit of a relief out there on the markets. let's move on to the oil and gas sector. share price responding with a 1% move to the up side. $7.14 billion. but the market numbers that investors have been looking at, current cost of supplies at $6.1 billion. the market expecting a little bit higher 6.31.

the run the green continues today, but also its best month since august, as well. one stock we're looking at is company discussing new capital. but let's get out to stefane who has the details for us. >> good morning. well, 18 cents per share for dexia. the bank is about to receive new capital injection. it will receive up to 6 billion euros in fresh capital. board meeting will take place next wednesday to validate the operation and also to approve the quarterly results of the bank. in the meantime, the french and belgium government started the negotiation on this recapitalization. the foreign minister for belgium

said on national television that the split was 50/50 for the previous operation, that hopefully it will be again the case this time. in paris, a source told reuters news wire that further recapitalization was being discussed with belgium, but declined to give more comment about what could be the details of the operation. they say they cannot comment on the operation until the member states have notified their plans to the european commission. already received 6 billion euros recapitalization, so we'll keep an eye on the sure price. we have to watch dexia in belgium where the share is publicly trading. so next announcement for dexia probably next wednesday after the board meeting. over to you. >> thank you very much for that,

stefa stefane. >> i was looking above your head actually 220 -- >> can i stand on on the shelf? >> i don't know if i can. all kinds of malfunction if you do that. up 3.6% trading p. given the fact that numbers underwhelming at the revenue line, i think they've done a very good job of managing these numbers, telling the street in advance or certainly this side of the atlantic that the numbers aren't going to be great and town grading revenues and then beating expectations. which brings us back to nick nelson, as well. they take a lead out of the u.s. book and it comes at the same time that we've seen. >> it's weak. if you look at the reports in

q3, we're two thirds of the way through it. you're having only 65% of companies beat against normally 75% of the countries beat. so whether companies attempt to get numbers down and then beat by a penny, but disappointing compared to the last two or three years. this is last quarter, this is history, and we know the pmis companies are not good at giving lead, saying we're about to go

into this period where there will be a three year depression and have a disaster. most of that happened in q1 after the collapse in demand. so i'm not sure there are many companies, some have some in their books, but went up five pointst last month, we'll get another data point today, so that's happened since these companies have reported. >> i don't understand what's going on because you were saying what the historians have told us, this is no more different than any other boom or bust line that we've seen historically. that much i do know. but the fact remains why hasn't the market been a better looking forward indicator given what we know about performance corporations on the back of pmi historically. >> because money is very cheap, because liquidity is very high, and because people like nick come to a job every day needing to sustain optimism. if nick said the world was about

to end, ubs' business volumes would collapse. okay? and that's just a fact. not being rude, just a fact. so the entire financial services industry out there is trying to spell hope and optimism and my basic point is that hope is diminishing. go talk to ceos and chief executives and they are saying that they are no longer dealing in the world of hope, they're dealing in the world of sobriety. to give you an analogy, take ba. they used to invest heavily in blue and silver cards on the hope that lots of those people will one day become gold card holders. they're no longer interested. all their investment is going to the top of the pyramid, the apex of the game in terms of the gold and black card holders. that's where they think the revenue streams are coming from. and that is really what's

happening. efficient investment. trying to make sure we have the money to efficiently invest it in areas we can make the most money and frankly speaking, isn't with the common matters out there, it isn't with the mass markets. it's in very selective areas and that is telling you that we haven't got widening growth, we have narrowing growth. and when you get hope diminishing, consumer confidence, savings, they all get affected. and worst of all, employment numbers. because when companies so that hoping that things will get better, they start shedding labor forces and now you're dealing with restructure all problems coming your way. and that is the biggest issue in europe i would say to you.

>> aim not saying that's wrong, but we had the last volume in august, as well. but there is liquidity and that's the problem. i'd love to hear what assets phillip is getting very high returns in this world where you have negative returns from the short end of the curve in terms of real rates. you have negative nominal rates a few months back in germany at two years and three years. if you're losing money by buying government bonds, credit is giving you negative returns in investment fwrad, as well. so equities even after the rally of 4% dividend yield. yes, there's volatility, risks around that clearly. but all i'm saying is if you have a portfolio of assets, it's quite tricky to get an income out there and basically forcing you down the risk curve into riskier assets. and, yes, you can fight the

banks and boe but-will- >> i picked you up on your equity call from earlier in the year. it's not necessarily how you expected to, but you don't touch equities. you are up 17% this year. that's what you told me this morning. how are you making it then? >> you can look back at your tapes. i don't think equities are an interesting asset class. for the last four or five year, i have not tried to make money out of macro discretionary fund management. some are losing money. they can't make two and two in standard economic textbooks equal four. there's too much government

intervention, too much central bank intervention, and too much artificial components with that the market to make two and two equal four. the markets are too artificially motivated at this moment in time. so the only way you are going to make money is through statistical modelling. but take a bet on this equity market right now is taking a bet on musical chairs of what central banks and what governments will do next. and guess what? they don't know, so how can you. >> we have about 50 seconds left. in what area of the equity market will produce the best returns. >> u.s. housing, domestic u.s. story. home buildings are up 118% from the lows. but the regional banks, mostly

the big banks are interesting. iron or owing price has gone from 90 to 120. so we are seeing that have an effect. so that is working. >> we'll take a look at the modelling on where he with can make money. nick, we have to say good-bye. thank you very much indeed. >> on the open, spanish market in the red. and looking to test the 7800 level this morning. p so a bit of a negative open for the spanish market. let's take a look at how the german market is fairing. still in the green holding on with just a modest increase. about ten points so far. the swiss market also on our radar this morning. it seems a bit quiet as well sitting right on the flat line. no spin in either direction. this is interesting because we've been tracking the sector in the uk, swiss com also

announced changes in terms of job cuts. about 100 positions to go. the share price is off 0.2%. carolyn has more on the company and its prospects. >> of course swiss com like other companies is responding to a chaining environment. that's why in 2013 it will cut some 400 jobs. and at the same time it's creating 300 jobs in growth segments. and of course the cuts will be affecting a business which is shrinking. so the net/net effect is a reduction of 100 jobs. not a huge amount if you look at it in percentage terms. a reduction of only 0.6% and the stock is not moving a great deal. one stock that is moving, though, up 3.#% after an upgrade coming from merrill lynch. and very quickly, just want to bring you some economic data.2# upgrade coming from merrill lynch. and very quickly, just want to bring you some economic data.co. and very quickly, just want to bring you some economic data. retail sales you up, the pace of growth is slowing down just up

from the month of september when we saw an increase of 6% month on month. retail sales increased by 0.3%. of course we're waiting for the pmi data for the month of october. and we're expecting a reading of around 45 points. >> thank you very much for that. let's check on the u.s. futures because we had a fairly muted close yesterday as the markets returned after a two day close. of course we haven't seen qu weather related event close since 1988. but you can see so far we're looking just to get back some of the in session today.88. but you can see so far we're looking just to get back some of the in session today.8. but you can see so far we're looking just to get back some of the in session today. they're weaker this morning. first trading day for the month of most of of for the u.s. markets, as well. so a lot of action out there to watch. but we'll go to a break. still to come, after visiting victims of super storm sandy,

president obama goes back on the campaign trail. so who is edging toward the 270 electoral votes? we talk u.s. politics next.

uk companies dominating the news. the lender will have to pay out a further 1 billion pounds to compensate customers. bp cutting full year revenue guidance ian livingston was on the show to explain why. >> the revenue for the year will be i think low theer than what market expected. >> subscriber numbers and charges grow. shares up in london. and campaigning in the united states presidential election restarts as the northeast

assesses the damage from super storm sandy. stoxx 600 up by 0.2%. let's break it down and see where the strength is coming through. let's start with the sectors. this is how the sector by sector basis markets are shaping up. pretty evenly divided. tele ccoms up. autos looking pretty strong. technology, travel, leez sure and media all managing to gain by over half a percent. on the down side, we do have a few sectors declining but not by as much.

oil and gas just dipping by shy of half percent. construction and materials and utilities each dipping by roughly 0.2%. elsewhere a few sectors that are flat. health care, insurance and also reeld estate. but individual stocks are interesting to nknow we have earnings from yesterday. m&a is the reason behind the biggest gainer on the stoxx 600. we get back into the earnings story. bp up over 5% after their ceo said they cut their full year revenue outlook. but pretax profit just beat

expectations. it first quarter earnings up 16%. so pretty well on the sign ups, as well. 4,000 new house holds signing up in the quarter. and we have seen gains on the back of earnings there lloyds for instance, as well. shares up by 3%. on the down side, though, a few stocks we'd like to bring to your attention. again, we have lots of earnings on the negative side. analysts cutting back price targets. certainly the case when you look at bg greek which is down in trade today. we've had downgrades and price target cuts to new neutral. socgen down to a hold, as well. switzerland, down by nearly 2.4%.

elsewhere, a similar basis. earnings this week, and again once again we see the shares down -- there it is, 2% lower. they also have been downgraded to neutral. price target cut by socgen. biggest decliner on on the stoxx 600 is down by 4.6%. this is a specialty chemicals business. earnings pretty much in line with expectations. plans also announced to dispose of an italian business for an undisclosed sum. elsewhere president obama resumes its election campaign duties today. he's ahead of mitt romney in three key states according to the latest "wall street journal" nbc poll. but the majority of the swing states are still there for the

taking. it's shaping up to be one of the closest races in history. >> using new methodology, adp's revised calculations for the monthly job reaction at down from 162,000 the firm originally reported. october's figure is due out today. and washington's official nonfarm payroll on friday, of course. analysts are expecting around 15,000 jobs to have been created in october and a slight uptick in the job let last. did you see that story that said if you have a smartphone, blackberry, your company gets an extra 460 hours out of you a year. there is one or two that we get even more time on their blackberries, but seriously, i was looking at my smartphone and

there are comments from our viewers saying come on, viewers in the states are not so stupid as to change their mind in the last couple days given what chris christie said. they've made their opinion up on a longer term basis. so if they haven't changed their mind in the last 72 hours, is it a question of getting them out to vote on or will they vote or not on the back of recent events? >> i think it's getting them out to vote and i think this

particular storm could have an impact in certain parts of the companies. it could closer the number of democrats that will come out. i think republicans are determined to come out and vote on the day. >> there are pictures of the republican chris christie walking around with the president. and he was talking about bipartisanship and his entire time in office has been hig but. so as we come up to another election to see both sides coming together for a major event, does this make any difference at all in the psyche of americans some. >> i think it makes people on the ground feel better, but this is about what happened in katrina. president bush made real mistakes. i think the president has let the mistakes of the past, and chris christie has put politics aside at the moment and is on there on on the ground reassuring people to help them to rebuild. >> so you're saying if there is a mastiff misstep, it has a

negative impact. but if everything goes okay, the incumbent president doesn't get an up side from that? >> this is a much broader area covered by the storm, but nothing on the scale of katrina. you have the mayor, the president, all at loggerheads about who should take control of the situation and it was chaos. this isn't the case with hurricane sandy. >> we dou know what we're going to get from obama, but what will we get from mitt romney if he's elected? i know a number of republicans throughout the united states who have been more extreme in their anti-obama views than they have about any other democratic leader since i've known them and there is a relate fear that america is being socialized by obama and that he's a real danger and threat to the system

and the american constitution. all of that is fine since i'm not going to have to vote. how strong a leader do you think romney would be? and my point really goes to market. how strong a leader would he be, how much would he take america back toward fiscal and get america working again in a less socialized and more robust way? >> i think he could get things done and thing paul ryan would get things done, as well. . >> that does demand that congress works with him. >> i think most people next tuesday will think do we reelect president obama for next four years, we could have a senate controlled by republicans, you really will get lame duck from the beginning.

and even if people feel sympathetic to obama and generally like him as a personality, i think we need a president who can get things done and get the economy moving again. >> it's much more complex than it seems at the macro level. but what's your instinct for the day? >> i think it would be a very narrow victory for obama or much larger victory for romney. i think romney might do it by a laernlg margin than we expect. >> he's back on the campaign trail with states very differently performances recently in the unemployment numbers. wisconsin 7.3%, so that's below the national percentage. colorado at 8%. and we've got nevada 11.8%,

that's one of the outliers. >> he has to go with vision and energy about what he can do in the future. and i think that's been lacking in the campaign. all the way back to the democratic convention and the speech which was disappointing, the first debate made him really think about what sort of president he would be for the next four years, never mind the last four. i think he's struggling to put that vision out there and bring that energy and drive that was so important in 2008. >> a criticism about romney is that he hasn't really put out their plans. >> and you think that's just american politics. you have to put out broad idea and concepts. but he's a businessman. he has a good track record of success in business. he has a vice president who is very interested and focused on these issues around how you can get american debt down and run the economy more efficiently. and i think that might make a

difference on the day. >> is obama loses some of the races that were very excited about the prospects of having a black or mixed race president first time around, as he lost that edge that he had four years ago? >> america has done it. it put all that racial prnlg and history behind it by appointing him president. you don't have to do it again. and i think many people will look at it more broadly and say can we get the economy moving again. >> if you look at the unemployment rate, hispanics and blacks traditionally need to decide that he's worse off compared to the average population. so you'll vote for the person who gives you you the best prospe prospects. and many still think it's obama.

>> i don't think it's about the economy stupid. that's too simplistic. just the same in europe, it's about jobs stupid. and it is about who is going to get you bigger prospect of a job tomorrow. who is going to give you the bigger prospect of keeping your job today. and that is what people will most be about. it's about jobs. >> will is one those that he felt he had to conquer. >> it is about big business. who else is going to employ? it's unbelievable. people are actually taxing the system rather than pandering to the system that will get the jobs. >> interesting point. it's about businesses generally. big businesses, medium businesses, commercial optimization. it's about growth, about getting people to need to employ people.

it isn't about trying to deal with a consequence of not employing people. you have to deal with that. you'll get bigger fiscal deficits, i promise you. >> the public affairs council did a report recently looking at the whole public attitude of businesses, particularly in america, and it was very positive despite all the anti-globalizations most people particularly young people in america do see the importance of big corporations like microsoft and google and what they've been able to achieve in create jobs and moving the economy forward and i think that is what it's about. it's about the success of business, about generating growth and a future. and many of those people including black voters across the united states have not done well in the last four years. they haven't. >> do you think microsoft has created more american jobs or cut more american jobs over the last ten years? >> i'm not certain. some of hose jobs have been

abro abroad, of course. >> it's not just about the big corporations. it's about the heart of small businesses. they employ hundreds of thousands of people and the ability to create wealth and to create jobs is crucial and it's been a very poor track record this president has had in the last four years. >> particularly in america, u.s. companies bringing jobs back on to home soil and having turned them away previously, which comes back to the issue of supporting big corporations who create jobs not just overseas, but bringing jobs back to the u.s., as well. >> and that's something that romney has focused on and he would say he has a pretty good track record despite the debate about his time at bain capital.

>> we'll continue the debate after the break. i take your point you don't think romney has been credible enough, on the other side erin talking about maybe too much government intervention, but who are interesting question is why so much government intervention occurred. bottom line some are protected by government and central bank intervention, while others get thrown under the bus. we'll take a very short break.

the theshry can have emergency measures to keep the government running, but many predict unless congress raises the debt limit soon, the u.s. will plummet over the fiscal cliff sometime february next year. dominic, we get a lot of comments from our viewers saying this isn't as big an issue as you seem to be drawing up and it will get sorted out. >> it's come back two years now about trying to deal with the huge rising deficit. and the commission obama sets up, common sense suggestions about a bipartisan agreement, you push that aside, log jab trying to get agreement with the republicans. i don't think anyone wants to go back to this problem again. they have to foe cut on what they'll really spend money on, defense and other areas, and really set out a vision.

which is where i think romney probably has an advantage over the president. >> already there is talk about a mini deal. when you hear that, is there a smoke without fire? >> possibly. and at the end of the day, you don't want -- >> you didn't want to go back to what happened in clinton and new gingrich where everything came to a point. but it has to be dealt with long term. >> do you think the politicians are aware of the ramifications? last they talked about the aaa credit rating. this time around politicians seem to have been taught a lesson.

>> you have to have a president who can cut deals and president obama has been poor at doing that and thing people when they vote need to to think about what sort of president l. will he be deal make. clinton was great at that. it can be done. >> let's assume the fiscal qulif is fixed. does that mean we see a major step up in the recovery for the u.s. economy because companies don't feel they have to hang on to that cash and be super cause issue? >> it's a contradiction in terms. we can't get the fiscal cliff fixed and get the growth story. there's no way to fix it just because you want it fixed and steve wants it fixed. it can't get fixed until you get serious growth.

politicians focus on getting elected and staying elected. if i was a political consultant to steve who is a nice young photogenic chap and he was running to power, i would say one way ult gyou will get powery promising people jobs. steve will say how i also do i do that and i would say only one way, you have to bring pricing power back it to the labor market where people can earn more. there are more jobs to have. and the reason you get that is by going protectionist. and i'm not interested as your campaign manager in what the long term comes defenses of protectionism are. i'm interested in getting in you to power. if there was a leader out there who said i'm going to give you jobs and this is how i'm going to do it, they would get elected right now. >>. >> where does protectionism and

isolationism actually collide? you because i think the latter is what they want, but the former is what they could end up with. >> americans are always plagued with will particularly during prz shal races. and we've had issues during this presidency that the president has taken action on, but romney is talking tough in terms of what the chinese manipulating their currency. will he follow through? it will be interesting to see. >> he has to follow through now. >> a lot of people make promises. the issue really is the american situation, they're the only in the history of man kind that's given away all its wealth. voluntarily do done that. and the issuees back to that the americans don't want to afford that program any longer. the premise is that they got china to grow, they would profit them, not bought them. and that game is over. >> we have to leave it there.

al wlan says i as well have been suggesting to my friends that they go to cash in. lovely seeing you again today. "worldwide exchange" is next. we'll leave you with the top trading tips of the day. >> i think it's at levels below crisis levels so makes sense to buy. >> i think there is reason to be cautious in the short term. medium to long term, i'll bullish. people have to focus on the supply side of the equation. i think this is becoming more and more difficult. we have to differentiate oil from gas in this respect.

>> u.s. housing, necessadomesti housing.

[singing] hoveround takes me where i wanna go... where will it send me... one call to hoveround and you'll be singing too! pick up the phone and call hoveround, the premier power chair. hoveround makes it easier than any other power chair. hoveround is more maneuverable to get you through the tightest doors and hallways. more reliable. hoveround employees build your chair, deliver your chair, and will service your chair for as long as you own your chair. most importantly, 9 out of 10 people got their hoveround for little or no cost. call now for your free dvd and information kit. you don't really have to give up living, because you don't have your legs. hoveround replaced the legs. and now every hoveround comes with this handy tote bag and cup holder for access to your favorite items. and right now, get this limited edition hoveround america travel mug free with your hoveround delivery. [singing] hoveround takes me where i wanna go. call or log on to hoveround.com to find out

where a hoveround can take you!